Solar energy takes center stage in Riyadh summit

Solar energy takes center stage in Riyadh summit
Updated 02 October 2013

Solar energy takes center stage in Riyadh summit

Solar energy takes center stage in Riyadh summit

Saudi Arabia is very keen on exploring, developing and implementing solar energy in the Kingdom. Many local and international experts deliberated the development policy and framework at the 3rd annual Solar Arabia Summit on Monday, as the Kingdom targets 41 GW of solar energy by 2032.
The second day of summit began with a panel discussion featuring leading regional and international experts discussing the key aspects of the development and implementation of policies. The panel also focused on nurturing energy resource diversification.
Speaking on the recent developments and mandates released earlier this year, Robert Bradley, senior adviser of directorate of energy and climate change at the UAE ministry of foreign affairs, said: “We are at the threshold right now where Saudi Arabia is really showing how serious they are.”
Abdullah Al-Shehri, governor of Electricity and Co-generation Regulatory Authority (ECRA), said: “In Saudi Arabia, one of our primary objectives is the reduction of energy consumption and increase of energy efficiency. If we just switch the current inefficient window style air-conditioning with more efficient models, our research shows that we can save up to 4 GW of energy.”
During the course of the previous two days’ discussions, it has also been emphasized that while the focus of Saudi Arabia’s national energy plan is to generate new power, the creation of jobs and development of the local economy is of equal importance.
Hartwig Westphalen, CEO of SunEnergy Europe, echoed these aims saying: “Forming partnerships to incorporate local content is a key aspect of our business model as well. Not only does it prove to be more favorable when looking to do business with local companies, it is also more financially viable.”
As a result, leading international solution and service providers are the summit looking to set up local joint ventures to set up local manufacturing and production units.